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Re: TMLonggun post# 18199

Tuesday, 06/19/2012 3:06:16 PM

Tuesday, June 19, 2012 3:06:16 PM

Post# of 24231
Um - Actually the level of economically viable surface ore (due to the amount of debt this company is carrying currently) is not significant enough to be profitible....

And you are precisely correct, this area has ALREADY been extensively mined and it is a well known fact that most of the continuous massive veinage extends to a deeper level (400 ft and below)
which is NOT economically practical. Not to mention this

Accorsing to the most recent 10K, those resource numbers you are addressing live under a HIGH RISK Factor are not even PROVEN reserves, did you READ IT:


http://google.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=8518813-28136-64452&type=sect&TabIndex=2&companyid=84580&ppu=%252fdefault.aspx%253fsym%253dLODE
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